Following earlier remarks during CES 2025 by Nvidia CEO Jensen Huang, which triggered massive declines in market capitalization, investor skepticism was further amplified by Mark Zuckerberg’s comments on quantum computing timelines that resulted in huge share price drops for D-Wave Quantum and Rigetti Computing.
The prediction of quantum computing by Facebook founder Mark Zuckerberg just adds a show of skepticism amongst investors causing several quantum computing companies to see a notable dip in share prices.
I’m not an expert on quantum computing my understanding is that’s ry useful paradigm,” Zuckerberg said still quite a ways off from being a podcast episode with Joe Rogan.
D-Wave Quantum and Rigetti Computing saw shares plummet to more than 25 percent on Monday, falling 30 percent and 27 percent, respectively. Shares in Quantum Computing fell by 23 percent, while shares for IonQ were down about 12 percent.
What the CEO of Nvidia stated
Zuckerberg’s comments echo Nvidia CEO Jensen Huang’s statements, which have already wiped off roughly $8 billion in the market capitalization of quantum computing firms.
A great extent of Huang’s remarks suggested that truly useful quantum computers are still decades away, causing a significant sell-off of quantum computing stocks, wiping out billions of market value.
Huang stated that quantum computing can solve small data problems.
Communication with quantum computers is primarily via sets of microwaves. Terabytes of data pose no problem for them at all. A few interesting problems could be solved with quantum computers: random number generation and cryptography. “
“Quantum computers will one day become a reality, for real utilization. I would say we are approximately five to six orders of magnitude distant timeline of 15 years in difficult applications means that would be hardly on the early side. Maybe 30 years is probably on the late side you’ll pick a number like 20 years, a whole bunch of us would believe that. As an industry, we have to make sure we work in whatever capacity that we can to speed this up for the future of computing,” he added.
